Definitions[]
A fixed-price contract is
| “ | [a] contract that provides for a firm price or in appropriate cases, a firm price with fees or other adjustments.[1] | ” |
| “ | [a] contract which provides for a firm price, or in appropriate cases, an adjustable price.[2] | ” |
References[]
- ↑ Information Technology: An Audit Guide For Assessing Acquisition Risks, Glossary, at 92.
- ↑ A Guide for Acquiring Systems Integration Services, Glossary of Terms.